TL;DR: Farmington, Arkansas home prices in 2026 stand at a median sale price of $364,000, based on 297 homes sold January 1–August 10, 2026, per ArkansasONE MLS data reported by NWALook. That is above the $361,782 median recorded for the city's smaller year-to-date pool through June 25, 2026, but still below Fayetteville's $395,000 median over the same stretch. Washington County active listings rose 22.7% year-over-year as of May 2026, giving buyers more room to negotiate than a year ago, while Farmington's population grew roughly 38% from 2020 to 2024 (7,584 to 10,473), per NWARPC.
What Are Farmington, Arkansas Home Prices in 2026?
The newest available figure comes from ArkansasONE MLS data compiled by NWALook (Collier & Associates/Desiree Stock): a median residential sale price of $364,000 on 297 homes sold in Farmington between January 1 and August 10, 2026. That carries an explicit reporting window, not a blended, undated online estimate. A separate NWALook report using the same ArkansasONE MLS system, covering year-to-date sales through June 25, 2026, showed Farmington at 213 sales and a $361,782 median — an earlier, smaller slice of the same 2026 sales year. The price firmed from $361,782 to $364,000 as more of the year's sales closed. If you're a buyer entering the Farmington market now, anchor on $364,000 — that's what a typical closed sale looked like through early August, not a list-price ask.
How Do Farmington's 2026 Home Prices Compare to Nearby NWA Towns?
Using ArkansasONE MLS year-to-date figures through June 25, 2026, Farmington's $361,782 median sat below Fayetteville's $395,000 (630 sales) and Springdale's $368,500 (437 sales), but above Prairie Grove's $302,470 (145 sales), West Fork's $292,950 (43 sales), and Elkins' $271,000 (43 sales). Farmington's 213 sales in that window is roughly half again Prairie Grove's 145 sales and nearly five times Elkins' or West Fork's 43 each, meaning the $361,782 median reflects an active market, not a handful of outlier closings. Against Fayetteville, Farmington priced $33,218 lower ($395,000 minus $361,782) over the same stretch, while sitting inside the same Washington County commute radius. If you're relocating for a job in Fayetteville, Springdale, or the I-49 corridor and weighing Farmington as an alternative, that $33,218 gap is real money on one purchase, and the sales volume tells you it isn't a thin market with few alternatives.
What Does Rising Inventory Mean for Farmington Buyers Right Now?
Washington County, which includes both Farmington and Fayetteville, saw active for-sale inventory rise 22.7% year-over-year as of May 2026, per NWALook's ArkansasONE MLS-based market update. Benton County, next door, saw a 21.0% year-over-year increase over the same period, so the loosening is a regional NWA pattern, not something isolated to Farmington. Paired with Farmington's 297 closed sales through August 10, 2026, the market is neither frozen nor short on supply: homes are still selling, but buyers now have more listings to choose from before making an offer. If you felt priced out or outbid in Farmington a year or two ago, May 2026's 22.7% inventory increase is a concrete signal to re-enter and negotiate rather than assume the same competition.
What Will Property Taxes Add to Your Farmington Home Cost?
Farmington's total residential millage is 51.1 mills (school district 40.1, city 4.5, county 6.5), versus Fayetteville's 57.3 mills (school district 45, city 6.8, county 5.5) — about 6.2 mills higher, per the Arkansas DFA's 2024 millage report (2025 collections). Arkansas assesses property at 20% of market value and applies millage to that assessed value. On Farmington's $364,000 median, that's $364,000 x 0.20 x 0.0511 = $3,720 a year. On Fayetteville's $395,000 median, it's $395,000 x 0.20 x 0.0573 = $4,527 a year — an $807 difference ($4,527 minus $3,720). If you're weighing Farmington against Fayetteville as a relocator, factor that $807 a year into your holding-cost comparison, on top of the $33,218 gap in purchase price.
Why Is Farmington's Population Growing So Fast, and What Does It Mean for Prices?
Farmington grew from 7,584 residents at the 2020 Census to a Census Bureau estimate of 10,473 as of July 1, 2024 — about 8.4% average annual growth and 38% cumulative growth in four years, per the Northwest Arkansas Regional Planning Commission. NWARPC projects Farmington will reach 18,421 residents by 2050, a 76% increase at a 2.20% average annual rate. That pace points toward continued demand pressure even in a year when inventory is loosening. For a relocator weighing Farmington, that sustained population growth — 8.4% average annual growth from 2020 to 2024, and a projected 2.20% average annual rate to 18,421 residents by 2050, per NWARPC — points toward continued housing demand in the years ahead. If you plan to hold the property for years, weigh that trajectory alongside this year's $364,000 median and the $3,720 estimated tax bill.
What Should You Do With These Numbers?
- If you're a buyer, anchor your offer on $364,000 (the Jan 1–Aug 10, 2026 median), not an undated online estimate.
- If you're comparing Fayetteville and Farmington, run both figures side by side: $395,000 vs. $361,782 in price, and $4,527 vs. $3,720 in annual property tax.
- If you were outbid in Farmington before, revisit the market now — Washington County's inventory is up 22.7% year-over-year as of May 2026.
- If you're relocating for the long term, weigh Farmington's growth (10,473 residents in 2024, projected 18,421 by 2050) against its lower price and millage versus Fayetteville.
- Ask for a written comparison of Farmington against the specific towns you're considering — Prairie Grove, Springdale, or Fayetteville — before writing an offer.
Frequently Asked Questions
What is the median home price in Farmington, Arkansas in 2026?
The median residential sale price in Farmington, Arkansas is $364,000, based on 297 homes sold January 1–August 10, 2026, per ArkansasONE MLS data reported by NWALook. An earlier year-to-date slice through June 25, 2026 (213 sales) showed a $361,782 median, so the price firmed slightly as more sales closed.
Is Farmington, Arkansas cheaper than Fayetteville?
Yes — through June 25, 2026, Farmington's $361,782 median sale price was $33,218 below Fayetteville's $395,000 median over the same stretch, per ArkansasONE MLS data. Farmington also carries a lower property tax millage, 51.1 mills versus Fayetteville's 57.3 mills, adding up to roughly $807 less in annual tax on the two cities' medians.
How much are property taxes on a median-priced Farmington home?
On Farmington's $364,000 median sale price, the estimated annual property tax is $3,720 — $364,000 times 20% assessed value times 51.1 mills. That millage combines the Farmington School District's 40.1 mills, the city's 4.5 mills, and Washington County's 6.5 mills, per the Arkansas DFA's 2024 millage report.
Is now a good time to buy in Farmington?
Buyers have more room to negotiate than a year ago: Washington County active inventory rose 22.7% year-over-year as of May 2026, per NWALook's ArkansasONE MLS-based update, even as Farmington kept closing sales — 297 through August 10, 2026 at a $364,000 median.
If you're weighing Farmington against Fayetteville, Springdale, or another NWA town, Mason Capital Group will put together a side-by-side comparison of current sale prices, property tax estimates, and inventory levels for the specific towns you're considering — call 479-925-3333 to start that conversation.
About the author: Cameron Torabi, Principal Broker — Mason Capital Group. 30+ years of Northwest Arkansas real estate expertise; $2.4B+ in cumulative transaction activity.
Figures in this article are drawn from NWALook analysis by Collier & Associates/Desiree Stock citing ArkansasONE MLS (as of January 1–August 10, 2026; year-to-date through June 25, 2026; and May 2026), the Northwest Arkansas Regional Planning Commission's 2050 Population Projections Table (baseline July 1, 2024, published 2026), and the Arkansas Department of Finance and Administration's 2024 Millage Report for 2025 collections (published February 2025).